Bought 3,000 units of TOTO today @ RM 5.05/share.
I am in the mood to collect sin counters... GAB, Tanjong, Carlsberg, Toto...
Xuzen
BJTOTO (1562), High Dividend Yielding Stock
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 Jul 2 2009, 05:14 PM
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Senior Member
4,436 posts Joined: Oct 2008  
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Jul 11 2009, 02:59 PM
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#2
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Senior Member
4,436 posts Joined: Oct 2008
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I bought 1,400 units at RM 4.94/unit a few minutes just before closing on Fri, 10-7-2009. Total holding now is (4,200+300).
This message I copied from "http://bursastreet.blogspot.com/2009/07/berjaya-sports-toto.html" QUOTE "Downgrade to Market Perform. We are downgrading our recommendation on BToto, as: (1) we believe share price is likely to fall further after this placement and once the shares go ex for the dividends, as there is no longer an “incentive” to keep the share price at current levels; and (2) we believe that in the ST, there may not be any share price catalysts for BToto as there may not be any more dividends announced until the 2QFY10 results (in Dec). We have revised down our DCF-based valuation to RM5.50 (from RM5.90), after updating our beta assumptions, thus bringing WACC to 9.4% (from 8.95%). As such, we downgrade our recommendation to Market Perform (from Outperform). 52wk Price Range (RM) 4.04-5.35 Major Shareholders: (%) Berjaya Land & BCorp 48.2 Tan Sri Vincent Tan (direct)4.3 By RHBInvest Analyst: Hoe Lee Leng Posted by Bursa Street at 9:21 PM My TP is RM 5.50 as per analyst report within 12 mths period. However 2QFY10 will also influence my decision making. Xuzen |
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Jul 15 2009, 04:01 PM
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#3
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4,436 posts Joined: Oct 2008
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Just bought in another 1,500 units at RM 4.26. I will treat this lot as a trading buy. Will sell when it hit RM 4.80/unit. Total holding in BJToto is 4,500 pre-ex and 1,500 post-ex.
Xuzen |
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Jul 15 2009, 04:32 PM
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#4
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QUOTE(mopster @ Jul 15 2009, 04:22 PM) hi xuzen, im collecting toto too but i think they are still disposing at the shares.. Mopster,im waiting at 4.20 and below... what do you think of the price ? it is likely to go lower isnt it ? thanks..  The truth is I have no idea. RM 4.26 or RM 4.20 is RM 90.00 (1,500 share) difference only for me, I can live with this small difference. Looking at the queue, I see support at RM 4.24, so RM 4.20 is rather unlikely in the near term. QUOTE This is extracted from The Star: I will be conservative and go with Hwang's opinion. That is why this is a trading buy for me. OSK Research and Maybank Investment are maintaining their “buy” call on the counter with a target price of RM5.60, while Hwang-DBS has a “hold” rating with a target price of RM4.80. Xuzen This post has been edited by xuzen: Jul 15 2009, 04:36 PM |
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Jul 22 2009, 03:13 PM
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Queuing to buy MOAR at RM 4.36... RM 4.40 is the immediate resistance.
TP is RM 4.80. Xuzen |
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Jul 22 2009, 03:29 PM
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#6
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My transaction at RM 4.36 completed. Looks like the equilibrium will be RM 4.32 - 4.34.
Xuzen This post has been edited by xuzen: Jul 22 2009, 03:30 PM |
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Jul 29 2009, 02:59 PM
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#7
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QUOTE(fergie1100 @ Jul 29 2009, 02:48 PM) just got the div today Yippee, I will rush home today and check my mail box the first thing....  Xuzen |
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Aug 15 2009, 01:41 PM
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#8
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4,436 posts Joined: Oct 2008
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Pls count me in this family. I hold 6,500 units BJTOTO leh...
Average cost is RM 4.34. Xuzen |
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Dec 21 2009, 10:31 PM
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#9
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4,436 posts Joined: Oct 2008
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I will be collecting more of this counter at around RM 4.00 - 4.10.
BJTOTO is still fundamentally strong. Its business model is still strong. This is just an trough. Remember the maxim "buy low, sell high" Xuzen |
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Dec 22 2009, 03:06 PM
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#10
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4,436 posts Joined: Oct 2008
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QUOTE(whizzer @ Dec 21 2009, 11:29 PM) But it looks like VT will not let it go that low. Price always spring back to 4.20 Even at RM 4.20 is still good, because if you consult Dynaquest's guide, they forecasted a div of 40cts for 2010. If you buy at RM 4.20, your DY is still at 9.5% p.a.  That is something to cheer abt isn't it? Xuzen |
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Dec 23 2009, 02:17 PM
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I look at BJTOTO from its business model point of view. Its NFO is a cash cow business and it will be like that unless something drastic changes, for example the Govt suddenly decide to cancel its NFO license.
Unless that happen, it is quite unlikely this stock will go down the drain. I have confident that the company revenue is able to repay the debts it carry, unless something drastic happen. Xuzen |
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Feb 8 2010, 01:59 PM
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#12
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A little while back (Jul'2009) BJTOTO share touched RM 5.05 even when she announced a 14-1 treasury distribution and a Div of 40Cts. Thereafter the price became depressed at around RM 4.00 until now.
This is my opinion: VT liquidated the treasury share so that it is on open market and he has since been busy buying them up in personal capacity surreptitiously. He knows BJTOTO is still very much profitable. Ooi VT I sell my portion if you would offer RM 5.50/share. Deal? Xuzen |
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Mar 17 2010, 04:44 PM
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#13
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4,436 posts Joined: Oct 2008
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I too dumped all my Toto (6,000) today (17-3-2010) after knowing that they are not paying divvy this quarter.
Xuzen |
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Mar 19 2010, 05:59 PM
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#14
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I exited mine at 3.36 & 3.41, I own zero BJTOTO share now. I held it for almost 9 months.
It was a very boring counter. Xuzen This post has been edited by xuzen: Mar 19 2010, 06:00 PM |
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Mar 20 2010, 10:11 AM
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QUOTE(whizzer @ Mar 19 2010, 10:56 PM) Depends, it can get exciting when VT does something to it. However, there is an element of unpredictability in it... like giving a lunatic a handgun to play with Hear hear, I am also switching to REITs b'coz they have a business model that is easily understood by lay person like me and their yield is predictable and stable.  I am still keeping some stock here & hope the divy can come next quarter. But overall, generally, REITs give more consistent dividend so I may use the proceeds to topup on one of the quarterly REITs. Xuzen |
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Mar 20 2010, 10:24 AM
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4,436 posts Joined: Oct 2008
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QUOTE(darkknight81 @ Mar 20 2010, 10:12 AM) Most importantly is witholding only 10% for reits Catalyst is just catalyst... is like hoping to catch two birds in the bush while ignoring the one which we are already holding in the hand.  But if according to what Calm has mentioned the future of BJTOTO looks good with so many potential catalyst. I just don like what VT is doing. Company wise is quite OK. I like REIT b'coz they have a statutory obligation to distribute 90% of their realized income to unit holders, unlike stocks which doesn't have to. BTW what happen to Neo18 our resident forum emperor of REIT kingdom? I hardly see his post lately. Xuzen This post has been edited by xuzen: Mar 20 2010, 10:25 AM |
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May 24 2010, 01:28 PM
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4,436 posts Joined: Oct 2008
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QUOTE(calmwater @ May 24 2010, 07:22 AM) I am all for legal gambling, legal drinking , legal whatever rather than Black market, underground Mafia stuff. Legal brothel? Hmmm... should just make one of our island a semi-autonomous region with their own government and allow all these vice related industry to operate their with no Federal Govt interference. Totally laissez faire style management.  I vote myself to be the Governor General of the Semi-Autonomous island. He he he... Xuzen |
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May 24 2010, 02:36 PM
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#18
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Coyly...
Did not follow up on the result.... sorry. Xuzen |
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Jun 19 2010, 01:31 PM
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#19
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4,436 posts Joined: Oct 2008
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QUOTE(snc @ Jun 19 2010, 12:33 AM) hpw do cal on the deviden if i had 85 lots since 2008 1 lot = 100 individual share85 lot = 8,500 share 1 share pay 8cts or RM 0.08 8,500 share pay 8,500 x RM 0.08 = RM 680.00 Since it is franked dividend, you need to less 25% for Govt tax. Therefore RM 680.00 less 25% = RM 510.00 nett divident Faham? Xuzen |
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Jun 25 2010, 05:30 PM
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#20
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4,436 posts Joined: Oct 2008
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QUOTE(dianal69 @ Jun 25 2010, 05:18 PM) it getting worse.. If they are borrowing money to pay divvies, better get out... I am glad I got out of this potential trap. Xuzen |
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